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Operating data from Tindall Company for last years follows: Sales... $900,000 Stockholders= equity... $500,000 Return on investment.... 12% Average opperating assets... $600,000 Turnover... 1.5 Residual
Operating data from Tindall Company for last years follows: Sales... $900,000 Stockholders= equity... $500,000 Return on investment.... 12% Average opperating assets... $600,000 Turnover... 1.5 Residual income... ? Minimum required rate of return... 10% Total assets... $800,000 The residual income was: A. $18,000 B. $10,000 C. $12,000 D. $16,000 The margin used in ROI calculation was: A. 18.00% B. 8.00% C. 6.67% D. 15.00%
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Emile Woolf On Audit Exemption
Authors: Emile Woolf
1st Edition
0863253911, 978-0863253911
